With the rising interest rates and the Fed saying they will "taper off" the buying of MBS, we have seen mortgage rates skyrocket. There have been rapid increases in mortgage rates as of late. We are seeing clear signs of demand destruction and cooling within the US. So what does this mean going forward? Many people are asking if housing is posed to cool further or if there is a possibility that it will bounce back. In this post, we will go through that data.